ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Shares Shorted: Short Interest Up 82.8% in September

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 12,513 shares, an increase of 82.8% from the August 31st total of 6,844 shares. Based on an average trading volume of 24,618 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

ASX Stock Down 1.9%

Shares of ASXFY stock opened at $39.98 on Wednesday. ASX has a 1-year low of $32.12 and a 1-year high of $45.74. The stock has a 50 day simple moving average of $39.91 and a 200-day simple moving average of $38.61.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded ASX from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $57.00.

ASX Company Profile

ASX Limited operates the Australian Securities Exchange, one of Australia’s major financial market infrastructure providers. The company facilitates the listing and trading of equities, exchange-traded funds, debt securities, warrants, derivatives and other investment products for Australian and international participants.

Through its market infrastructure businesses, ASX provides trading, clearing, settlement, registry and issuer services. It also offers market data, technology and connectivity solutions that support brokers, investors, listed companies, financial institutions and other market participants.

ASX traces its origins to Australia’s former state-based stock exchanges, which were consolidated into a national exchange in 1987.